...ok guys this is really bugging me. any help would be greatly appreciated.
quarterly rate.so n=4
so the question is asking for the number of years. so t is my unknown variable.
i set it up like this.
4000= 3500 (1+.O525/4)^4t
so far so good ryt? yes, to the above point
4000=3545.9375 ^4t this step is incorrect ... divide by 3500 first